Please answer all 10 questions by choosing the correct option for each question. Be clear and thank you!

Q1 economic, political, and social union established in 1993 by the Maastricht Treaty as the successor of the European Community. O European Union O IMF World Bank O Free trade areaQ2 The adoption of the euro is optional for any nation in the world. O True O FalseQ3 is a group of countries that have agreed to reduce trade barriers amongst themselves, but lack a common tariff barrier for non members. O A cartel O The IMF O The AESN O Free trade areaQ4 Which of the following was created from influences of the EU? O cartel O World Bank O ASEAN O OPECis an international organization that offers advice to all countries on monetary and fiscal policies. O IMF O World Bank O Private investments O International tradeTo generate prot, some state owned factories can converge to private owned. Ct True (:3 False \fQ5 - is an economic system in which private citizens own and use factors of production to generate profit. O Cartel O Privatization O collectivization CapitalismQ10 In the first stage in economic development, a nation is O takeoff O capital flight O primitive equilibrium O zero population growth